Iran hits back at petchems sanctions, saying they have not worked

9:16 AM MDT | June 3, 2013 | Natasha Alperowicz

Iran’s deputy oil minister and managing director of the National Petrochemical Co. (Tehran), Abdolhossein Bayat, has hit back at US government sanctions against the petrochemical sector. Bayat, responding to the news of the sanctions, tells the Iranian Mehr news agency that Iran has two powerful reliefs against the sanctions. While the petrochemical industry has been facing sanctions for several years, “Iran’s exports of petrochemical products have not been stopped, even to Europe,” he says, adding that Iran exported...